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American Tower vs Host Hotels & Resorts: revenue, profit, margins and growth compared

American Tower brought in $10.6B of revenue in fiscal 2025, Host Hotels & Resorts $6.1B in fiscal 2025. Revenue changed by +5.1% at American Tower and +7.6% at Host Hotels & Resorts on the year before, so Host Hotels & Resorts grew faster. American Tower kept 23.8% of its revenue as net profit, Host Hotels & Resorts 12.5%. Free cash flow was $3.8B at American Tower and $1.2B at Host Hotels & Resorts.

Side by side, latest fiscal year

AMTHST
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.6B$6.1B
Revenue growth+5.1%+7.6%
Net income$2.5B$765M
Net margin23.8%12.5%
Free cash flow$3.8B$1.2B
Free cash flow margin35.5%20.1%
Earnings per share (diluted)$5.40$1.10
Cash$1.5B$768M
Debt$3.4B$1.3B
Price to earnings31.320.4
Market value$78.8B$15.4B
Dividend yield3.98%4.24%
Rank by revenue in sector#2 of 162 · Real estate#7 of 162 · Real estate

Over the years

Revenue
AMT FY2018: $7.4BAMT FY2019: $7.6BAMT FY2020: $8BAMT FY2021: $9.4BAMT FY2022: $9.6BAMT FY2023: $10BAMT FY2024: $10.1BAMT FY2025: $10.6BHST FY2018: $5.5BHST FY2019: $5.5BHST FY2020: $1.6BHST FY2021: $2.9BHST FY2022: $4.9BHST FY2023: $5.3BHST FY2024: $5.7BHST FY2025: $6.1BFY18FY19FY20FY21FY22FY23FY24FY25
AMT $10.6BHST $6.1B
Net income
AMT FY2018: $1.2BAMT FY2019: $1.9BAMT FY2020: $1.7BAMT FY2021: $2.6BAMT FY2022: $1.8BAMT FY2023: $1.5BAMT FY2024: $2.3BAMT FY2025: $2.5BHST FY2018: $1.1BHST FY2019: $920MHST FY2020: -$732MHST FY2021: -$11MHST FY2022: $633MHST FY2023: $740MHST FY2024: $697MHST FY2025: $765MFY18FY19FY20FY21FY22FY23FY24FY25
AMT $2.5BHST $765M
Net margin
AMT FY2018: 16.6%AMT FY2019: 24.9%AMT FY2020: 21.0%AMT FY2021: 27.4%AMT FY2022: 18.3%AMT FY2023: 14.8%AMT FY2024: 22.3%AMT FY2025: 23.8%HST FY2018: 19.7%HST FY2019: 16.8%HST FY2020: -45.2%HST FY2021: -0.4%HST FY2022: 12.9%HST FY2023: 13.9%HST FY2024: 12.3%HST FY2025: 12.5%FY18FY19FY20FY21FY22FY23FY24FY25
AMT 23.8%HST 12.5%
Revenue growth
AMT FY2019: +1.9%AMT FY2020: +6.1%AMT FY2021: +16.4%AMT FY2022: +3.1%AMT FY2023: +3.8%AMT FY2024: +1.1%AMT FY2025: +5.1%HST FY2019: -1.0%HST FY2020: -70.4%HST FY2021: +78.4%HST FY2022: +69.8%HST FY2023: +8.2%HST FY2024: +7.0%HST FY2025: +7.6%FY19FY20FY21FY22FY23FY24FY25
AMT +5.1%HST +7.6%
Free cash flow
AMT FY2018: $2.8BAMT FY2019: $2.8BAMT FY2020: $2.8BAMT FY2021: $3.4BAMT FY2022: $1.8BAMT FY2023: $2.9BAMT FY2024: $3.7BAMT FY2025: $3.8BHST FY2018: $1BHST FY2019: $914MHST FY2020: -$650MHST FY2021: -$1MHST FY2022: $1.1BHST FY2023: $1.2BHST FY2024: $1.2BHST FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
AMT $3.8BHST $1.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about American Tower and Host Hotels & Resorts

Which is bigger by revenue, American Tower or Host Hotels & Resorts?

American Tower is bigger by revenue: $10.6B in fiscal 2025, against $6.1B for Host Hotels & Resorts in fiscal 2025.

Which keeps more of its revenue as profit, American Tower or Host Hotels & Resorts?

American Tower had a net margin of 23.8% in fiscal 2025; Host Hotels & Resorts had 12.5% in fiscal 2025.

Which grew revenue faster, American Tower or Host Hotels & Resorts?

In their latest fiscal years revenue changed by +5.1% at American Tower and +7.6% at Host Hotels & Resorts.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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